{"id":119432,"date":"2025-07-01T10:41:08","date_gmt":"2025-07-01T09:41:08","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=119432"},"modified":"2025-07-03T16:46:52","modified_gmt":"2025-07-03T15:46:52","slug":"109598-gbp-eur-the-eur-falls-as-cpi-hits-the-ecbs-target-2-level","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/109598-gbp-eur-the-eur-falls-as-cpi-hits-the-ecbs-target-2-level\/","title":{"rendered":"GBP\/EUR: The EUR falls as CPI hits the ECB\u2019s target 2% level"},"content":{"rendered":"<ul>\n<li><strong>Pound (GBP) is rising after the manufacturing PMI rises<\/strong><\/li>\n<li><strong>UK food inflation rises 3.7%<\/strong><\/li>\n<li><strong>Euro (EUR) is falling even as CPI rises to 2%<\/strong><\/li>\n<li><strong>ECB\u2019s Lagarde will speak shortly in Sintra central bankers forum<\/strong><\/li>\n<\/ul>\n<p>The Pound-Euro (<a href=\"https:\/\/currencylive.com\/exchange-rate\/1000-gbp-to-eur-exchange-rate-today\/\">GBP\/EUR<\/a>) exchange rate is rising after three days of losses. The pair fell 0.41% in the previous session, settling on Monday at \u20ac1.1650. It traded between \u20ac1.1644 and \u20ac1.1715. At 09:30, GBP\/EUR trades 0.27% at \u20ac1.1682.<\/p>\n<p>The pound is rising amid signs that UK manufacturing may be turning a corner after a prolonged slump, as businesses increase prices to offset higher labour costs.<\/p>\n<p>Yes, MP global manufacturing PMI improved for a third straight month to 47.7 in June, up from 46.4 in May, although it remained below the level of 50, which separates expansion from contraction, for a ninth straight month.<\/p>\n<p>Meanwhile, input costs rose for the 18th consecutive month, with firms citing higher wages and suppliers raising prices due to the Finance Minister&#8217;s employer payroll tax increase.<\/p>\n<p>Separately, food prices accelerated by the most since March 2024 in June. Food prices jumped 3.7% compared to June last year, up from 2.8%.<\/p>\n<p>Finally, BoE Governor Andrew Bailey highlighted the softening labour market, which could help reduce inflation. Bailey highlighted the downward risks to the\u00a0 UK economy rather than the threat of inflation. BoE\u2019s Bailey is due to speak again at Sintra, the annual central bankers&#8217; forum.<\/p>\n<p>The euro is falling despite a slight uptick in inflation.<\/p>\n<p>Eurozone CPI rose to 2% year on year in June, up from 1.9% in May, hitting the European Central Bank\u2019s 2% target. Core inflation held steady at 2.3% as expected.<\/p>\n<p>A stronger euro and falling energy costs are helping to keep inflation in check.<\/p>\n<p>The data support the view that the ECB\u2019s battle to bring inflation back under control is almost complete, as does the notion that the ECB\u2019s rate-cutting cycle is nearing completion.<\/p>\n<p>Attention will now turn to ECB President Christine Lagarde, who is due to speak at Sintra, the central bank forum. Yesterday Lagarde outlined a more volatile inflation environment<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pound (GBP) is rising after the manufacturing PMI rises UK food inflation rises 3.7% Euro (EUR) is falling even as CPI rises to 2% ECB\u2019s Lagarde will speak shortly in Sintra central bankers forum The Pound-Euro (GBP\/EUR) exchange rate is rising after three days of losses. The pair fell 0.41% in the previous session, settling [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":5190,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[1395,2649,1394,2410],"class_list":["post-119432","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eur","category-gbp","tag-eur","tag-eur-gbp","tag-gbp","tag-gbp-eur"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GBP\/EUR: The EUR falls as CPI hits the ECB\u2019s target 2% level - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/109598-gbp-eur-the-eur-falls-as-cpi-hits-the-ecbs-target-2-level\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ileana Ionescu\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109598-gbp-eur-the-eur-falls-as-cpi-hits-the-ecbs-target-2-level\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109598-gbp-eur-the-eur-falls-as-cpi-hits-the-ecbs-target-2-level\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"GBP\\\/EUR: The EUR falls as CPI hits the ECB\u2019s target 2% level\",\"datePublished\":\"2025-07-01T09:41:08+00:00\",\"dateModified\":\"2025-07-03T15:46:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109598-gbp-eur-the-eur-falls-as-cpi-hits-the-ecbs-target-2-level\\\/\"},\"wordCount\":345,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109598-gbp-eur-the-eur-falls-as-cpi-hits-the-ecbs-target-2-level\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100810-gbp-eur-uk-parliament-vote.jpg\",\"keywords\":[\"eur\",\"eur\\\/gbp\",\"gbp\",\"gbp\\\/eur\"],\"articleSection\":[\"EUR\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2025\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109598-gbp-eur-the-eur-falls-as-cpi-hits-the-ecbs-target-2-level\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109598-gbp-eur-the-eur-falls-as-cpi-hits-the-ecbs-target-2-level\\\/\",\"name\":\"GBP\\\/EUR: The EUR falls as CPI hits the ECB\u2019s target 2% level - 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